SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FULL HOUSE RESORTS, INC.
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(NAME OF ISSUER)
COMMON STOCK, PAR VALUE $.0001 PER SHARE (THE "COMMON STOCK")
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(TITLE OF CLASS OF SECURITIES)
359678109
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(CUSIP NUMBER)
PAUL BERKOWITZ, ESQ.
GREENBERG, TRAURIG, HOFFMAN,
LIPOFF, ROSEN & QUENTEL, P.A.
1221 BRICKELL AVENUE
MIAMI, FLORIDA 33131
(305) 579-0500
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(NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)
AUGUST 19, 1996
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(DATE OF EVENT WHICH REQUIRED FILING OF THIS STATEMENT)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this statement [X]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
PAGE 1 OF 8 PAGES
<PAGE>
Page 2 of 8 Pages
CUSIP NO. 359678109
1. Name of Reporting Person S.S. or I.R.S. Identification No. of Above
Person
LEE IACOCCA
2. Check the Appropriate Box if a Member of a Group
(a) (b)
3. SEC Use Only
4. Source of Funds 00
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization U.S.A.
Number of 7. Sole Voting Power 0
Shares Bene-
ficially 8. Shared Voting Power 1,056,471 SHARES
Owned by Each
Reporting 9. Sole Dispositive Power 0
Person With
10. Shared Dispositive Power 1,056,471 SHARES
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,056,471 SHARES(1)
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11) 10.2%(2)
14. Type of Reporting Person IN
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(1) Such figure represents shares of Common Stock owned by LKL
Family Limited Partnership.
(2) Calculated on the basis of 10,332,574 shares of Common Stock
outstanding as of August 20, 1996.
<PAGE>
Page 3 of 8 Pages
CUSIP NO. 359678109
1. Name of Reporting Person S.S. or I.R.S. Identification No. of
Above Person
LKL FAMILY LIMITED PARTNERSHIP
2. Check the Appropriate Box if a Member of a Group
(a) (b)
3. SEC Use Only
4. Source of Funds 00
5. Check Box if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
6. Citizenship or Place of Organization
Number of 7. Sole Voting Power 1,056,471 SHARES
Shares Bene-
ficially 8. Shared Voting Power 0
Owned by Each
Reporting 9. Sole Dispositive Power 1,056,471 SHARES
Person With
10. Shared Dispositive Power 0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,056,471 SHARES
12. Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares
13. Percent of Class Represented by Amount in Row (11) 10.2%(1)
14. Type of Reporting Person PN
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(1) Calculated on the basis of 10,332,574 shares of Common Stock
outstanding as of August 20, 1996.
<PAGE>
Page 4 of 8 Pages
ITEM 1. SECURITY AND ISSUER.
(a) This statement relates to the shares of Common Stock (the
"Common Stock"), $.0001 par value per share of Full House
Resorts, Inc., a Delaware corporation (the "Company").
(b) The principal executive offices of the Company are located at
74900 Highway 111, Suite 125, Indian Wells, California 92210.
ITEM 2. IDENTITY AND BACKGROUND.
I. LEE IACOCCA
2(a) This statement is being filed by Lee Iacocca (the
"Reporting Person").
2(b) The address of the Reporting Person is c/o Full House
Resorts, Inc., 74900 Highway 111, Suite 125, Indian
Wells, California 92210.
2(c) The Reporting Person was a 10% owner of the Company.
2(d) The Reporting Person has not, during the past five
years, been convicted in a criminal proceeding
(excluding traffic violations or similar
misdemeanors).
2(e) The Reporting Person was not, during the past five
years, a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction
and as a result of such proceeding was or is
subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or state
securities laws or finding any violation with
respect to such laws.
2(f) The Reporting Person is a citizen of the U.S.A.
II. LKL FAMILY LIMITED PARTNERSHIP
2(a) This statement is being filed by LKL Family Limited
Partnership ("LKL")
2(b) The address of LKL is c/o Full House Resorts,
Inc., 74900 Highway 111, Suite 125, Indian Wells,
California 92210.
2(c) LKL is a 10% owner of the Company.
<PAGE>
Page 5 of 8 Pages
2(d) LKL has not, during the past five years, been
convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
2(e) LKL was not, during the past five years, a party
to a civil proceeding of a judicial or
administrative body of competent jurisdiction and
as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating
activities subject to, federal or state securities
laws or finding any violation with respect to such
laws.
2(f) LKL is a limited partnership organized under the
laws of the U.S.A.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Person transferred 1,056,471 shares of Common
Stock of the Company to LKL.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
I. LEE IACOCCA
(a) The Reporting Person indirectly owns 1,056,471(1) shares or
10.2%(2) of the outstanding Common Stock of the Company.
(b) Mr. Iacocca shares the power to vote and shares the power to
dispose of 1,056,471(1) shares of Common Stock.
(c) Not applicable.
(d) Not Applicable.
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(1) Such figure represents the 1,056,471 shares of Common Stock owned by
LKL as of the date hereof.
(2) Calculated on the basis of 10,332,574 shares of Common Stock outstanding
as of August 20, 1996.
<PAGE>
Page 6 of 8 Pages
(e) The Reporting Person ceased to be the beneficial owner of more
than five percent of the Common Stock on August 19, 1996.
II. LKL FAMILY LIMITED PARTNERSHIP
(a) LKL beneficially owns 1,056,471 shares or 10.2%(1) of the
outstanding Common Stock of the Company.
(b) LKL has the sole power to vote and has the sole power to
dispose of 1,056,471 shares of Common Stock.
(c) Not applicable.
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
Not Applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
None.
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(1) Calculated on the basis of 10,332,574 shares of Common Stock outstanding
as of August 20, 1996.
<PAGE>
Page 7 of 8 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
DATED: October 7, 1996 /S/ LEE IACOCCA
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Lee Iacocca
LKL FAMILY LIMITED PARTNERSHIP
DATED: October 7, 1996 By: /S/ LEE IACOCCA
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Lee Iacocca
<PAGE>
Page 8 of 8 Pages
CONSENT TO JOINT FILING
Lee Iacocca and LKL Family Limited Partnership hereby consent to the
joint filing of this Schedule 13D on behalf of Lee Iacocca and LKL Family
Limited Partnership with respect to securities of the Issuer.
DATED: October 7, 1996 /S/ LEE IACOCCA
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Lee Iacocca
LKL FAMILY LIMITED PARTNERSHIP
DATED: October 7, 1996 By: /S/ LEE IACOCCA
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Lee Iacocca
